Business

Party City Closing 45 Stores Amid Global Helium Shortage

Harrison, the company's chief executive officer, said in a statement Thursday. Harrison said the company should secure a new helium source for its stores this summer with a contract expected to last several years. Dozens of multicolored balloons are shown in a file image. Although helium is the second-most abundant element in the universe, Earth only has a limited supply - and the U.S National Research Council warned in 2012 that the gas could run out by 2040.

Business

China Trade War: Latest Round of Trade Talks End Without Deal

The ministry issued an earlier statement vowing to take any necessary countermeasures if the tax is implemented. If the US intentions were purely economic and exclusively predicated on rectifying the trade deficit between the two, then it would have been more understanding of the Chinese position, but its leader has instead resorted to publicly spewing insults against his counterparts on social media in what appears to be a fit of rage all because they wanted to ensure that there wouldn't ...

Business

Uber to give its market value a lift in stock market debut

Before Uber's debut, only four company IPOs of a billion dollars or more (out of a total of 60) saw their shares tumble at least 5% since the start of the decade. Uber indicated its first shares were expected to trade up slightly, in the region of $45.50 to $46.50, when trading opens. This year, widely expected to be the busiest for mega USA tech listings this century, got off to a rocky start as a partial government shutdown shuttered the agency that approves IPO documents for 35 days, ...

Business

Trump claims China tariffs help U.S., trade talks 'congenial'

Trump went on to tweet that trade talks with China are proceeding in a "congenial manner" and "there is absolutely no need to rush" to finalize a trade agreement . Still, U.S. business groups greeted the administration's latest move with caution. "We have been saying on this for some time that we are concerned about it and that we are clear that nobody benefits from trade wars".

Business

Australia's central bank prints 46 million $50 notes with a typo

Netizens recently discovered that millions of $50 notes issue by the Reserve Bank of Australia feature a big typo - instead of " responsibility ", the bank printed it as " responsibilty ". Some 46 million polymer notes with the typo valuing 2.3 billion dollars in total (1.6 billion United States dollars) entered circulation in October.

Business

President Trump Threatens to Escalate China Tariffs

The slight advance comes shortly after President Donald Trump posted on Twitter that Chinese delegates will be arriving in the US this week to negotiate a deal to end their yearlong tariff dispute. Top US trade officials said China had backtracked on substantial commitments it made earlier in trade talks. Chinese officials have said talks are ongoing and that the changes it made were part of "the process of negotiation ", according to Reuters .


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